Structural Reforms, IMF Programs and Capacity Building : An Empirical Investigation /

This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period 198...

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Autor principal: Arezki, Rabah
Altres autors: Quintyn, Marc, Toscani, Frederik
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2012.
Col·lecció:IMF Working Papers; Working Paper ; No. 2012/232
Matèries:
Accés en línia:Full text available on IMF
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245 1 0 |a Structural Reforms, IMF Programs and Capacity Building :   |b An Empirical Investigation /  |c Rabah Arezki, Marc Quintyn, Frederik Toscani. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
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520 3 |a This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period 1980 - 2010. The main results are threefold. First, there is a general association between IMF programs and structural reforms but this relationship is not very robust. Second, IMF training leads to an increase in structural reforms but only through IMF programs and only when a significant share of public servants is trained. Third, IMF technical assistance does not significantly lead to more structural reforms but raises the likelihood of completion of ongoing IMF programs. Our results are robust to a large number of checks, estimators and correcting for endogeneity. 
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651 7 |a Congo, Democratic Republic of the  |2 imf 
700 1 |a Quintyn, Marc. 
700 1 |a Toscani, Frederik. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/232 
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